AGT Food and Ingredients Inc. (T:AGT)

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Business Focus: Food Processing

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Sector:  Consumer Non-Cyclicals Industry:  Food Processing
See Regulatory Filings on SEDAR
Company Contact
Address: 6200 E Primrose Green Dr
Tel: N/A
IR: See website
Key People
Huseyin Arslan
Executive Chairman of the Board
Murad Al-Katib
President, Chief Executive Officer, Director
Howard N. Rosen
Vice Chairman of the Board, Lead Independent Director
Lori Ireland
Chief Financial Officer
Gaetan Bourassa
Chief Operating Officer
Business Overview
AGT Food and Ingredients Inc. (AGT), formerly Alliance Grain Traders Inc., is a processor and splitter of pulse crops. The Company is engaged in pulse and staple food processing and distribution, with processing facilities and sales offices located around the world. It operates in three segments: Pulse and Grain Processing, which includes the operations of AGT subsidiaries and facilities in Canada, the United States, Australia, China and a portion of the operations in Turkey; Trading and Distribution, which includes operations in Europe, Russia, India and a portion of the operations in Canada, Turkey and Australia, and Food Ingredients and Packaged Foods, which include subsidiaries and facilities in the United States, Canada, South Africa and a portion of the operations in Turkey. AGT operates a retail packaged foods business, including packaged pasta under the Arbella brand name, and a retail business unit in Canada, offering various food products under the CLIC brand.
Financial Overview
For the nine months ended 30 September 2017, AGT Food and Ingredients Inc revenues increased less than 1% to C$1.33B. Net loss totaled C$22.1M vs. income of C$32.3M. Revenues reflect Food Ingredients and Packaged Foods segment increase of 16% to C$248.4M, Europe/Middle East/North Africa segment increase of 8% to C$782.6M, Canada segment increase of 15% to C$84.3M.
Employees: 1,900 as of Dec 31, 2016
Reporting Currency: Canadian Dollars
Enterprise value: $1,068M as of Sep 30, 2017
Annual revenue (TTM): $1,979M as of Sep 30, 2017
EBITDA (TTM): $71.22M as of Sep 30, 2017
Net annual income (TTM): -$33.27M as of Sep 30, 2017
Free cash flow (TTM): -$74.85M as of Sep 30, 2017
Net Debt Last Fiscal Year: $386.26M as of Sep 30, 2017
Shares outstanding: 24,236,536 as of Jan 10, 2018
TTM: Trailing Twelve Months
EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization